In December, one of the processing departments at Bonine Corporation had ending work in process inventory of $32,000. During the month, $264,000 of costs were added to production and the cost of units transferred out from the department was $257,000. The company uses the FIFO method in its process costing system. Required: Construct a cost reconciliation report for the department for the month of December. Essay Toolbar navigation BIVS 1 !!! Þ A
In December, one of the processing departments at Bonine Corporation had ending work in process inventory of $32,000. During the month, $264,000 of costs were added to production and the cost of units transferred out from the department was $257,000. The company uses the FIFO method in its process costing system. Required: Construct a cost reconciliation report for the department for the month of December. Essay Toolbar navigation BIVS 1 !!! Þ A
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 18E
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